The United Steelworkers union stands against the acquisition, citing potential threats to American jobs.
Tags: US Steel
Trump Slams Potential Sale of US Steel to Japan's Firm Nippon
Trump opposes Nippon Steel's $14 billion bid for U.S. Steel, causing uncertainty over the deal's future amid national security concerns.
US Steel Shares Drop as Trump Announces Nippon Steel Investment Instead of Purchase
US Steel shares drop as Trump announces Nippon Steel will invest instead of purchasing the company.
Biden Faces Lawsuit From Nippon, US Steel After Blocking Their $15B Merger
Nippon Steel and US Steel are suing the Biden administration after the merger between the two companies was blocked over national security concerns, despite promises of U.S. investments.
Nippon Steel to Face Higher Decarbonization Costs With US Steel Acquisition, Shareholders Warn
Nippon Steel's proposed acquisition of US Steel has raised concerns among shareholders about the potential increase in decarbonization costs for Japan's largest steelmaker.
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After President Joe Biden voiced opposition to the $14.1 billion plan of Japan's Nippon Steel to acquire US Steel, the Japanese firm said it is committed to pursuing the buyout deal.
Japan's Nippon Steel has secured a deal to buy US Steel for $14.9 billion. Japan's Nippon Steel has secured a deal to buy US Steel for $14. 9 billion.
The U.S. Department of Commerce will terminate a 15-year-old deal sheltering Russian flat-rolled steel producers from high import duties, it said in a letter to Russian authorities.
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